India Gold Metaverse Private Limited (IGM)
India Gold Metaverse Private Limited (IGM)
INE0TC001022
Incorporation Date: 04-Aug-2023
Listing Status: DRHP Not Filed
About India Gold Metaverse Private Limited (IGM)
Overview of India Gold Metaverse Private Limited (IGM)
Incorporated in August 2023, India Gold Metaverse (IGM) is a tech-driven platform aiming to overhaul India’s massive gold and jewelry industry. Operating as an end-to-end ecosystem, IGM is attempting to transition the traditional, highly fragmented gold market into a modern digital economy through a mix of AI, blockchain, and e-commerce.
📊 Business Model
IGM operates as an integrated digital aggregator and financialization ecosystem for the precious metals industry. Rather than acting as a traditional retail jeweler or simple gold trading app, IGM functions as a neutral marketplace bringing together all stakeholders - miners, refiners, bullion dealers, jewelers, financial institutions, and retail consumers.
Institutional Digitalization: The primary goal is to address the historic lack of standardization and transparency in India's gold sector by offering real-time price discovery ("One Nation, One Market, One Price").
Physical-to-Digital Velocity: IGM acts as a conduit that unlocks the "kinetic velocity" of idle physical gold, converting it into tradeable, fractionalized, and liquid digital assets.
B2B & B2C Revenue Matrix: Monetization is derived from platform transaction fees on bullion trading, subscriptions from partner jewelers displaying in the metaverse/marketplace, commission margins from integrated gold loan services, and professional education fees.
👥 Management & Mentorship
While the company operates as a nimble private limited entity with corporate tech promoters, its primary strategic anchor is a well-known figure in Indian financial technology:
Mr. Jignesh Shah (Mentor and Coach): A notable tech innovator who pioneered digital financial markets in India through 63 moons technologies (formerly Financial Technologies India Ltd). Having historically built 10 multi-asset exchanges globally, Shah provides the underlying architectural blueprint to scale IGM into massive commoditized exchange infrastructure.
Corporate Alliances: The board and technical promoters focus on partnering directly with RBI-regulated banks, Non-Banking Financial Companies (NBFCs), and established trade bodies to bypass trust deficits.
👑 Product Portfolio
IGM’s offerings span across artificial intelligence, blockchain-backed tokens, digital retail, and skill development, rolling out in distinct phases:
Category / Product | Core Function | Market Standing & Impact |
Goldsense™ | AI-powered Digital Karatometer™. A pocket-sized device that tests purity up to 7mm below the surface. | Solves the problem of surface-only testing. Generates instant cloud-backed digital reports shared via an app to prevent hidden plating scams. |
RamMudra™ / GBST™ | Gold-backed Stable Token (Digital Gold 3.0). | Utilizes blockchain infrastructure to offer fractionable, 24/7 programmable investment with audited, on-chain proof of physical gold reserves. |
BullionX™ | "ODIN for Bullion Trading" platform. | Designed as a one-stop dashboard for bullion dealers, providing secure logistics, real-time LBMA tracking, and T+1 nationwide delivery. |
Elanzia™ | The "Uber Tech" Jewellery Marketplace. | A virtual multi-brand metaverse showroom where India’s traditional jewelers host "shop-in-shops," featuring AI Magic Mirrors and virtual try-ons. |
Gold Loan Integration | Centralized evaluation and digital lending registry. | Partners with certified banks/NBFCs to formalize India's multi-trillion-rupee unorganized gold-loan gray market. |
BPMI (Bharat Precious Metal Institute) | Education and professional skill division. | Developed in collaboration with the International Institute of Gemology (IIG) to train next-gen professionals in digital commerce, D2C strategies, and gemology. |
Insights of India Gold Metaverse Private Limited (IGM)
India Gold Metaverse Limited (IGM) – Financial & Operational Analysis
Standalone Financial Snapshot (FY25 – FY26)
| Metric (in ₹ Cr.) | FY25 | FY26 | YoY Growth (%) | Margin FY25 (%) | Margin FY26 (%) |
Net Revenue | 0.00 | 51.87 | New Revenue | — | — |
EBITDA | -8.28 | -36.18 | Loss Expanded | N/A | -69.75% |
Profit Before Tax (PBT) | -2.98 | -32.55 | Loss Expanded | N/A | -62.75% |
Profit After Tax (PAT) | -2.98 | -32.46 | Loss Expanded | N/A | -62.58% |
Key Company Developments
- Conversion to Public Limited Company: The company converted from a private entity to a public limited company, changing its name to India Gold Metaverse Limited (fresh Certificate of Incorporation issued August 7, 2026)
. - Commencement of Commercial Bullion Trading: Incorporated in August 2023 to build a digital B2B/B2C marketplace for bullion, jewellery, and gold financing, the company initiated initial commercial operations in FY26, generating ₹51.87 Cr in bullion trading revenue
. - Benchmark Joint Venture with IBJA: Partnered with the India Bullion and Jewellers Association (IBJA) to incorporate a 50:50 Joint Venture, IBJA-IGM Benchmark Price Private Limited (incorporated February 2026), to act as an independent pricing administrator for Indian bullion benchmarks
. - Post-FY26 Capital Augmentation: Strengthened its equity base after FY26 by completing preferential share allotments of 9.57 Cr shares in May 2026 and 95.45 lakh shares in August 2026, bringing total paid-up share capital to ₹102.62 Cr
. - Employee Stock Option Scheme: Approved the IGMPL-ESOS 2025 stock option plan in December 2025 to attract and retain specialized tech and domain talent.
Industry Insights & Trends
- Digitization of the Bullion Market: The Indian gold and jewellery sector is undergoing a structural shift toward digital aggregation, transparent spot pricing, and tech-enabled supply chain traceability
. - Domestic Benchmark Administration: Independent, transparent pricing mechanisms for bullion help standardize spot valuations across domestic trade hubs, reducing friction for jewellers, financiers, and institutional market participants
. - Integration of Gold & FinTech: Combining digital bullion trading, secure vaulting, and tech-led gold financing onto a unified platform creates capital efficiency across the B2B jewellery ecosystem
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Financial Charts of India Gold Metaverse Private Limited (IGM)
Balance Sheet of India Gold Metaverse Private Limited (IGM)
Profit and Loss of India Gold Metaverse Private Limited (IGM)
Ancillary of India Gold Metaverse Private Limited (IGM)
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of India Gold Metaverse Private Limited (IGM)
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How to buy India Gold Metaverse Private Limited (IGM)?
Below are three ways through which you can purchase India Gold Metaverse Private Limited (IGM):
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy India Gold Metaverse Private Limited (IGM), please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell India Gold Metaverse Private Limited (IGM)?
Below are three ways through which you can sell India Gold Metaverse Private Limited (IGM):
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell India Gold Metaverse Private Limited (IGM), please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of India Gold Metaverse Private Limited (IGM)?
We provide a two way quote on all the shares we deal in. Your buy price for India Gold Metaverse Private Limited (IGM) is ₹27 and your sell price for India Gold Metaverse Private Limited (IGM) is ₹22. The price is based on our estimates and market conditions.
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What is the lock-in period of India Gold Metaverse Private Limited (IGM)?
The lock-in period for India Gold Metaverse Private Limited (IGM) varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of India Gold Metaverse Private Limited (IGM)
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of India Gold Metaverse Private Limited (IGM)
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the India Gold Metaverse Private Limited (IGM) price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of India Gold Metaverse Private Limited (IGM). The price is also determined from the most recent funding round for India Gold Metaverse Private Limited (IGM). This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of India Gold Metaverse Private Limited (IGM)?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of India Gold Metaverse Private Limited (IGM) with us kindly click here.
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What are the financials of India Gold Metaverse Private Limited (IGM)?
The financials of India Gold Metaverse Private Limited (IGM) which includes the P/L of India Gold Metaverse Private Limited (IGM) and the Balance Sheet of India Gold Metaverse Private Limited (IGM) is in the financials section (Click on link).
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Where can I find the annual report of India Gold Metaverse Private Limited (IGM)?
The annual report of India Gold Metaverse Private Limited (IGM) is available in the annual report section (Click on link).
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Is buying India Gold Metaverse Private Limited (IGM) legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on India Gold Metaverse Private Limited (IGM)?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on India Gold Metaverse Private Limited (IGM) and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on India Gold Metaverse Private Limited (IGM) once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source India Gold Metaverse Private Limited (IGM)?
At Altius Investech, our approach to sourcing India Gold Metaverse Private Limited (IGM) unlisted shares involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of India Gold Metaverse Private Limited (IGM) unlisted shares. This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying India Gold Metaverse Private Limited (IGM) from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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